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Business

Georgia Power Rate Hike is Possible

Rolled into its latest billion dollar rate increase request is a mechanism that would make it easier for the company to raise rates if profits go down or lower rates if they go up

Georgia Ports Set Record

But the chief of Georgia's Ports Authority says, he's still frustrated by delays in the process to approve deepening the Savannah harbor. Curtis Foltz doesn't believe business will suffer as long as work is well underway by the time larger ships start sailing through the Panama Canal in 2014.

State Doubles Worker Training

“Stagnant” is the word Georgia’s top labor official used Thursday to describe the state’s job market. The jobless rate stands at 10 percent – the same as a year ago. To stimulate hiring, the state will expand its job training program. Critics say the program is free labor for employers because trainees aren’t paid.

Hunting For High-Speed Rail Funds

Most of the state's high-speed rail projects are waiting for federal grant money to move forward. The state applied for 60 million dollars to study lines from Atlanta to Charlotte, to Macon, and to Savannah. State transportation officials say they should know by mid –October how much Georgia will get.

Savannah Airport Lands New Airline

Allegiant Airlines will enable service expansion into Fort Lauderdale. The new destination is expected to bring in more tourists as it connects two vacation cities.

Sunken Boat Costs Coastal City

During a severe financial crunch, Brunswick pays $67,000 to remove a sunken shrimp boat. The boat owners cannot afford the cost of removal and are leaving it completely to the city. This is just one of 33 boats in Glynn county waters that are waiting to be cleaned up. A total of 130 boats are submerged off Georgia’s costs. The process of removing and cleaning up a sunken boat ranges from $42,000 to $70,000.

Stimulus Boosts Rural Internet

So far, Georgia has accepted $163 million in stimulus funds for improving broadband internet.

Georgia Peach Season Booms

Georgia’s 6 large growers reported yields up by 25 percent.

Judge Rejects Sea Island Bid

Judge denies offer and says any bids for Sea Island must take place during the upcoming auction on October 14th.

Tire Plant To Add 200 Jobs

A tire plant in Bartow County is expanding operations. The move will add another 200 jobs. The Toyo Tires plant in White, Georgia has been in operation for more than four years, and currently employs 650 people.

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